A Quick Guide to Comparing Various Contract Types and the Role of Project Managers

There are three different contract types that is widely adopted in the industry. These include: Fixed Price Contracts (FP) Cost Reimbursable Contracts (CR) Time & Material Contracts (T&M) I am sure many of you are familiar with these contract types as they are prevalent and used across industries and project types. Through this blog, I would like to explore the relevance of these key contract types for various business scenarios. I have chosen 4 parameters to assess the type of…

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PMBOK Knowledge areas and Process Groups

PMBOK® Guide Sixth Edition Knowledge Areas And Process Group

Have you just begun the PMP® exam preparation? Are you confused with new terms like Knowledge Areas, Process Groups, and a Process? If any of answer is Yes, this blog will give you a kick start in your PMP® exam preparation. In this article I am answering: What are the processes? What are the Process Groups for? What are the Project Management Knowledge Areas as per PMBOK® Guide Sixth Edition? Tools and Tips for preparing for the exam 1. What…

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How Much to Read PMBOK® Guide Sixth Edition in PMI-PBA® Exam?

During my PMI-PBA® sessions, I realized that many of you gets confused, at what level the PMBOK® Guide Sixth Edition content needs to refer? In this blog, I am addressing all your concerns for the mapping of PMBOK® Guide Sixth Edition content to PMI-PBA® exam. After consolidation of similar queries, here I am addressing following concerns: Why PMBOK® Guide Sixth Edition included in PMI-PBA® exam? Mapping of PMBOK® Guide Sixth Edition knowledge areas to the Business Analysis Domains How many questions…

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How to get started with SCRUM?

We have covered a number of Scrum and Agile related topics through our blogs and videos. The more we explore these topics, the more we realize that it’s a deep ocean with no dearth of queries from professionals and aspirants. In the past, we have a covered quite a few aspects of professional certifications available in these areas, tips and how to purse them. However, one of my recent conversations with an aspirant made me realize that some of the…

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PMI-PBA StudyPlan

PMI-PBA® Study Plan

I am doing PMI-PBA® training since when PMI introduced it. I got the opportunity to coach professionals from diverse background I observed the diversity involved in the study plan, so I thought why not to address the topic by writing a blog? Here, I am suggesting the phase approach for your study plan. You can customize each phases of your study plan as per your conveniences. Know the Business Analysis Knowledge Areas: The goal of the first phase is to…

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